ZK, stop focusing on TPS; the real battleground is TradFi. The current on-chain environment is practically "naked," with institutional strategies and holdings completely exposed, making it impossible to operate. Aztec is essentially creating a "dark pool" for Ethereum. This is not a new story. JP Morgan revealed this as early as 2019: for traditional finance to enter the market, the prerequisite must be "compliance black box" - both on-chain efficiency and off-chain confidentiality. This is the true value of Aztec's "programmable privacy." It's not just a simple coin mixer; it makes smart contracts private by default. Only by achieving "logic on-chain, data hidden" will whale dare to actually invest. a16z is already on the table, leading a $100 million Series B funding round.